Politics 101... "Pass This Bill", "Pass This Bill", "Pass This Bill" (Today's Chant Of Support)

[WillyT]

So my complaint, once again, is the Idiocy of this White House.

Obama, after his Thursday Night Speech, goes to various states/districts... promoting his speech and his plan.

So... Link: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=1933202&mesg_id=1933202

So does this now translate to... a fervent chant of... "Pass Part of the Bill now, push the rest later!!!"

I do not believe I've ever heard such a cry of support, nor, do I Think I ever will.

So apparently, once again, even the Democratic Party relies on ...teh Stupid!

:nuke:

:beer:

:smoke:

[Possumpoint]

1. Push, Push, Push

Ride the rail, ride the rail. Do something even if it is questionable. When are the people in charge going to realize the the amount of debt involved is an anchor holding the ship of state in stagnation.

[RBInMaine]

2. What do you mean about "debt holding the ship of state in stagnation"?

[Possumpoint]

4. Debt

both personal and governmental is the single biggest anchor holding back the recovery. In order to spend more in the government budget you must borrow more against a unheralded debt level. A level of debt that any sane man would admit will never be paid back.

The published debt level doesn't even account for the future liabilities of SS, federal government retirement and veterans benefits. $14 Trillion dollars of official debt at the present time, paying 1% interest, requires the payment of $140 billion dollars in interest out of receipts of $2.42 trillion in Personal Income tax. If the interest rate goes up and it is expected to, the amount of drain increases. The government is currently spending in the range or $3.5 Trillion a year. Personal income tax is about 80% of the tax money received by the government. I.E. we are spending way more then being received and continuing to borrow more. At some point interest rates won't remain at 1%. Assuming about $3 Trillion a year in tax receipts, deducting $140 Billion leaves $2.86 Trillion against $3.5 Trillion expenses.

This effort to borrow more in a government sponsored jobs surge is just more debt added. I personally don't believe that it will succeed in doing anything but buy votes for some politicians.

[tblue]

5. Oy gevalt. End the freaking wars, then.

We need DEMAND. The economy needs STIMULUS.

[msongs]

3. it's now "pass any of it pretty please, pass any of it pretty please" nt